O’Melveny Advises GS Energy in Ndustrial’s Series B Investment
May 17, 2024
FOR IMMEDIATE RELEASE
SEOUL – May 16, 2024 – O’Melveny advised GS Energy Corporation as co-lead investor in the US$18.5 million Series B funding round of Ndustrial.
Ndustrial, the AI-powered energy intensity platform for industry, uses uniting production data with energy usage to help companies find energy-saving opportunities.
The funding, for which initial close was announced on May 14, will be used to power growth and accelerate innovation to help industrial companies optimize the crucial metric of energy intensity. Ndustrial will also partner with GS Energy to offer its energy intensity solutions to industrial customers.
GS Energy Corporation is the energy holding company of GS Group, a conglomerate based in South Korea with operations across the energy, power, retail and construction sectors.
The O’Melveny team advising GS Energy was led by Seoul M&A partner Daniel Kim, counsel Owen Kim, and associate Celia Kim.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com
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